In the London foreign exchange market on the 21st, the yen weakened further against the backdrop of the view that the pace of interest rate hikes in the United States will accelerate, and the yen exchange rate hit the 151 yen level to the dollar, the lowest level in about 32 years. Has been updated.
In the London foreign exchange market on the 21st, the observation that the pace of interest rate hikes will accelerate after an executive of the US FRB = Federal Reserve Board said that ``inflation is unacceptably high''.
US long-term interest rates rose to the 4.2% level for the first time in about 14 years, raising investors' awareness of the interest rate differential between Japan and the US. We have updated the yen depreciation level.
A market insider said, "The yen continues to sell on the back of awareness of the difference in the direction of monetary policy between Japan and the United States. Investors who were worried that Japan might intervene in the market turned out to be trading during the Tokyo market hours. Since there was no intervention, there is also a movement to sell the yen, and the speed of the yen's depreciation is accelerating."